Best Life Insurance Companies in Pittsburgh, PA, for 2023

Life insurance provides a financial lifeline for your beneficiaries when you pass away. There are numerous life insurance companies in Pittsburgh, but the best option for you will depend on your needs and profile.

MoneyGeek broke down the best life insurance companies in Pittsburgh for different profiles, including for average adults, smokers and seniors. We also highlighted the most popular life insurance companies and those with the largest market share in Pittsburgh.

Mass Mutual offers the cheapest life insurance in Pittsburgh for males and females, at $10 per month for $250K in coverage. Although this level of coverage is affordable, it may not be sufficient for most people.

In Pittsburgh, the state-recommended coverage amount is $718,000. This recommended coverage is based on state-specific factors like the cost of living, average personal debt and average income, among other factors.

For the state-recommended coverage of $718,000, Nationwide offers the cheapest life insurance in Pittsburgh, PA at an average monthly cost of $16 for women and $18 for men.

Life insurance rates vary depending on gender. Men in Pittsburgh pay marginally higher rates (0.41%) than the state average, while women pay 3% less.

In Pittsburgh, life insurance for men costs an average of $18 per month for $250K in coverage, while the same coverage for women costs $16 per month.

For life insurance with coverage of $718K, the recommended coverage in Pittsburgh, men pay an average of $41 per month, while women pay an average of $31 per month.

Pittsburgh life insurance rates for different term lengths also vary between men and women. For a 10-year term life insurance policy, men pay an average of $25 per month, while women pay an average of $20 per month.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Pittsburgh using average buyer profile statistics, including the average age of 33, the average weight of 194 pounds for males and 153 pounds for females, and an average coverage need of $718,000.

The most popular life insurance companies in Pennsylvania by market share are Prudential Financial Inc. and Lincoln Financial, each with 7% market share; and Northwestern Mutual with a 6% market share. The seven most popular companies in the state comprise 37% of the total life insurance market share in Pennsylvania.

You can look up the most popular life insurance companies in Pennsylvania and their respective market shares in the table below.

Life insurance quotes in Pittsburgh for young people can vary from an average monthly cost of $15 to $24. The cheapest life insurance companies for young people in Pittsburgh are:

• Transamerica: $15 per month
• Mutual of Omaha: $17 per month

You can find the average life insurance rates for young people by company in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 165 pounds with a 20-year term contract at the average coverage need of $310K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Life insurance rates for seniors in Pittsburgh can range from $38 to $89 per month. If you are a senior, the cheapest life insurance companies in Pittsburgh are:

• MassMutual: $38 per month
• Mutual of Omaha: $43 per month

You can look up life insurance rates for seniors by company in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 194 pounds with a 10-year term contract at the average coverage need of $93K.

Smokers in Pittsburgh pay between $128 to $236 per month for life insurance. The most affordable life insurance companies in Pittsburgh if you are a smoker are:

• State Farm: $128 per month
• MassMutual: $129 per month

You can look up life insurance rates for smokers by company in the table below.

Rates were determined by analyzing quotes for a 33-year-old male smoker in Pittsburgh who is 5 feet 10 inches tall and weighs 194 pounds with a 20-year term contract at the average coverage needed of $718K.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.